SSR Mining Inc. (NASDAQ:SSRM) has entered into a definitive agreement to sell its 80% interest in the Çöpler mine and associated assets in Turkey to Cengiz Holding A.S. for $1.5 billion in cash.
The deal follows a memorandum of understanding between the two companies that was announced in March 2026. Completion of the transaction remains subject to regulatory approval from Turkey’s General Directorate of Mining and Petroleum Affairs as well as other customary closing conditions.
SSR Mining said it expects the sale to be finalized in the third quarter of 2026.
The transaction represents a major divestment for the Denver-based mining group, which operates gold and silver mines in several countries. The Çöpler mine in Turkey is one of the company’s key assets and accounts for a significant portion of its portfolio.
Once the regulatory process is completed, Cengiz Holding will assume control of the mine and its related operations.